Share Name Share Symbol Market Type Share ISIN Share Description
Nanoco LSE:NANO London Ordinary Share GB00B01JLR99 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 43.50p 31,368 08:00:29
Bid Price Offer Price High Price Low Price Open Price
43.05p 44.45p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 0.5 -12.6 -4.5 - 124.38

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07:49:2743.9915,0326,612.28O
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DateSubject
27/4/2018
09:20
Nanoco Daily Update: Nanoco is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker NANO. The last closing price for Nanoco was 43.50p.
Nanoco has a 4 week average price of 33.25p and a 12 week average price of 23p.
The 1 year high share price is 47p while the 1 year low share price is currently 17.75p.
There are currently 285,934,927 shares in issue and the average daily traded volume is 842,321 shares. The market capitalisation of Nanoco is £124,381,693.25.
12/4/2018
19:44
hannath: In tomorrow’s Investors Chronicle issue NANOCO GROUP PLC (NANO) Nanoco on the cusp of revenue acceleration MEGAN BOXALL Commercial sales are finally beginning to materialise at Nanoco (NANO). Chief executive Michael Edelman admits that he may have been a little optimistic about the time frame for revenue generation from his company’s novel quantum dots – which can be used to emit light using very little – but says that eight of the commercial programmes will begin generating sales in the second half. Indeed, broker Peel Hunt expects revenues in the 2018 financial year (which ends in July) to be roughly six times higher than the £1.3m generated in FY2017. Sales may have been a long time coming, but investors can at least take comfort from the fact that Nanoco has reduced its spending. In 2017, management removed 50 staff and £400,000 of costs every month, meaning operating losses narrowed to £4.8m from £6.4m in the first six months of FY2017. The balance sheet is also looking healthy following the £8.6m fundraising last October. Beyond the current financial year, Nanoco’s prospects are even more exciting thanks to its recent commercial agreement with a large US corporation for the manufacture of electronic nano-particles. The company is paying to increase the manufacturing capacity at the group’s Runcorn facility and will start ordering products in early 2019. Therefore, the first adjusted pre-tax profit of £7.2m is expected in FY2019, giving EPS of 2.4p (from -£5.4m and -2p in 2018; and -£10.7m and -3.7p in 2017). NANOCO (NANO) ORD PRICE: 36p MARKET VALUE: £101m TOUCH: 35-36p 12-MONTH HIGH: 47p LOW: 18p DIVIDEND YIELD: nil PE RATIO: na NET ASSET VALUE: 5p* NET CASH: £8.7m Half-year to 31 Jan Turnover (£000) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2017 676 -6.4 -2.3 nil 2018 196 -4.8 -1.6 nil % change -71 - - - Ex-div: na Payment: na *Includes intangible assets of £3.2m, or 1.1p a share Investors have been right to be wary of Nanoco as it has struggled to gain sales traction over the last 12 months, but we think the group has finally reached a turning point, that will see revenues (and the share price) accelerate. Buy. Last IC View: Buy, 31p, 4 Apr 2017
10/4/2018
22:39
bones698: Don't see that big an uptick so fast as previous collaborations have so far yielded nothing and would have already filtered through into these results . I'm not saying it won't happen but think it will take longer than nano have before needing funds . Unfortunately it's a very common theme on aim companies failing to deliver sales and revenue . Seems most bods are only interested in collecting fat pay packets rather than grow a business. Then there 8s the fact nano already has a big mkt cap which so far has certainly not been warned given the constant lack of sales so any negative news or delays will impact the share price a lot more than normal . For me it's a sell now and buy back nearer the time as I see this drifting lower until they can prove sales are happening Then there is the chart which is looking in a downtrend channel already which looks set to continue with newsflow likely scarce for some time . Your money your choice but can see better opportunities selling here and buying back later at a lower price and at the end of the day it's about making a profit and maximising that . Sitting and waiting not the best policy in these markets
08/2/2018
18:33
ghaon: From Alan Oscroft of the Motley Fool today: "Back in October, my Foolish colleague Rupert Hargreaves reckoned that the future for Nanoco Group (LSE: NANO) hinged on its ability to sign up new customers. That’s really the only way for investors to tell if its technology is all it’s cracked up to be. The share price had slumped at the time, and by market close Wednesday we’d seen a fall of more than 60% since a peak in July 2017. But Thursday saw a 50% spike, with the price reaching 36.5p in morning trading, after the company revealed it has signed a supply and development agreement with an as-yet-undisclosed US company. Nanoco said the deal means it “will scale-up and mass-produce novel nano-particles for advanced electronic devices and supply them from its state-of-the-art production facility in Runcorn, UK.“ Expanding the Runcorn facility to cope with the quantity of materials needed will require capital expenditure, and the contract partner will contribute. Turning point? These are obviously still early days, but with commercial supply expected to begin in early 2019, it’s looking like a serious stream of cash really might not be too far in the future now. Liquidity was always going to be a key issue as it is with any ‘blue sky’ growth company — even if it’s successful, early investors can still be diluted out, depending on how much cash needs to be raised to reach profitability. Some of that worry has now been lifted, especially as today’s news comes on the back of a couple of earlier agreements. With Nanoco having net cash of £5.7m at 31 July 2017, and a placing having raised an additional £8m late last year, I’m cautiously optimistic."
03/12/2017
20:21
rochdae: Medical quantum dots will be x10 the price of display stuff. Nano working with UCL on a long-term project making significant progress. Samsung, Nanosys et al, not interested in that side of things. Nanosys has 60 products out there, or so we are led to believe. All cadmium based apart from royalties received for IP from Samsung. Nanosys no cad free clients, no cad light clients. What happens in 2019 when the cadmium ban comes in? Hansol can produce batch to the required quantum yield. So can nanoco if AUO have made commercial orders. The Qdot space will grow to many types of Qdots. Graphene is something nano are developing with the discovers of the substance at Manchester. Quite well-positioned you would have to admit. QTM share price at rock bottom. They are facing the same challenges Nano have had to face. Questionable whether they will survive. Dow are still very active with qdots. So are merck. The industry is just setting out.
20/11/2017
20:54
ih_418591: I'm not clutching at anything. I'm just reading the facts. I follow all news for the qdot market including news about Nanoco, Nanosys, and QMC. They are all leading contenders for the qdot supply market. I hope they all have a piece of the commercial supply chain of cad-free qdots. Competition is paramount for market growth and market growth is paramount to us as investors to seeing rapid sales increases and subsequent share price increases. What I find slightly disturbing is the insistence that Nanoco with be in Acer or Asus just because there were in a prototype (assumed) AUO displays at Touch Taiwan. We've been here before. Nanoco has shown protypes at multiple tradeshows. At CES in 2015, Nanoco was in LG's prototype. Where is that commercial product? At CES in 2017, Nanoco was in TCL, Hisense, and Philips at CES. Where are those commercial products? Apparently, asking questions isn't acceptable since I've actually yet to get anyone to answer one of my previous questions?
06/10/2017
17:06
notimpressed: from shareprophets I noted in an update on Nanoco (NANO) last month that a “Commercial Supply and License Agreement” saw the shares bouncing a bit, but the key question remained when’s an attempted fundraising? (discounted, natch). Well, the company has now been “pleased to announce” a placing result and researcher Edison has updated… The initial fundraising announcement saw CEO Michael Edelman state that “the board appreciates the patience of shareholders and has worked hard to secure the terms of this important fundraising, which we believe to be in the best interests of the company and its shareholders as a whole”. With also “pleased to announce”, a good deal secured then? There was a further announcement following the “Commercial Supply and License Agreement” before the placing – this that the company’s technology would be featured at Touch Taiwan 2017, “a leading show for the world's display industry… an estimated 30,000 visitors and more than 2,000 conference participants”, with a conference presentation from the company’s Senior VP of Global Sales addressing “the growing demand from manufacturers and consumers for quantum dots as a method of achieving wider color gamut and enhanced picture quality in the next generation of displays”. That puffery helped the shares retain a level of circa 29p – though that comparing to approaching 150p less than three years ago and indeed above 45p at the commencement of 2017. No wonder “the board appreciates the patience of shareholders”! And so the “pleased to announce” placing result… … “the company has successfully placed… new ordinary shares at a price of 18 pence per share to institutional investors”. You what? 18p! A 35% discount to the prior close and, with 47,655,821 new shares to be issued, representing a 20% increase in the issued share capital. What about those suckered in to investing before, on the back of the ‘news flow’ in the prior month? The share price has currently only responded down to 27p but the new shares are as yet to be admitted to trading – this with the fundraising conditional, including on General Meeting approval. The company though warns “if the resolutions are not passed by shareholders at the General Meeting and the fundraising does not proceed, the company will need to seek alternative sources of funding but, given the current stage of the company's development, this outcome is unlikely to be favourable to shareholders”. It adds “fundraising to fund the company beyond July 2019”, with Edison stating “Nanoco should have enough cash to last beyond July 2019, even in the absence of substantial volume orders”. However, the track record doesn’t inspire confidence – as suggested by the company reckoning it has had to ‘work hard’ to secure even these latest fundraising terms! Despite the dilution, Michael Edelman is “delighted we are set to secure the funding” - though I bet he is as otherwise it was cash crunch ahoy again. The stance remains sell.
25/9/2017
12:41
ih_418591: You're welcome. For disclosure, I am not a Nanoco investor, but I enjoy reading the posts on this board to keep abreast of info found by other investors here. I am a Quantum Materials Corp investor. I try to find info on this quantum dot market anywhere I can and I like to share info. I believe both Nanoco and QMC will have a part of the market in the near future. I had once thought about hedging my investment by investing in Nanoco as well, but I'm glad I didn't since it would have been at a much higher price than the current share price. I've been invested in QMC for over 4 years so their current share price doesn't bother me due to my low average cost.
14/8/2017
17:46
wigwammer: "All the new share holders that luckily jumped in at the low share price constant praising as they think they jumped aboard just before the sky rocket jump. Slowly start to understand the long term headache that is the nanoco silence."I bought in at the share price low. I will look to add on any funding related weakness.I don't have a headache.A few facts:- the nano IP has been in development for 20+ years.- it is the product of dozens of PhD specialists and leaders in the field.- NANO has relationships with some of the largest companies in the field - dow, merck, samsung.- cad free QD is the tech choice of the oem leader, samsung - NANO is one of very few companies capable of producing, with its partners, industrial scale volumes of cad free Qd's.- the valuation is circa 70%+ below peak.All these facts suggest they have a great chance of building a meaningful business, and a share price that will be highly leveraged to any progress made.If applying some intuition isn't your bag, and the only facts that motivate you are realised sales and profit and a fat balance sheet - then you can wait. Cost of doing so - the first 300-500% move.GLA!
22/7/2017
19:20
kuss1: Funny old comments from slippy.... thought this was going to 10p by Xmas 2015? Then 15p in a matter of months. Now if they can get a loan he might buy in! The management issue is an irrelevance to me. ME isn't great but he isn't a criminal as slippy suggests. It's the product that counts as I've posted many times. Remember Yell and all the great managers they employed? All came to nothing because the product was already history. Management is operational stuff, but with Nano it's the science. To say the Philip's deal is not important is nonsense. A first class OEM are buying nanoco's tech for their premier line of TV's and monitors. That validates the tech. It open's up the very real prospect of further orders. TCL and Hisense are next in line. I think there will be 3 major OEM's with Nano's tech in their flagship products come Xmas 2017. Dow have already said they have an operational large-scale plant in Korea with an existing cad free offering. That is major news. Nano expect a five fold increase in Dow production this year with confirmation of commercial orders imminent. Merck factory build is coming soon. They have no choice as the industry is accelerating. Merck used to dismiss Qdots but now they are fans because existing suppliers hate change being forced on them. Then they convert and champion the cause. 3M are out of the running, so are QD vision, so are Nanosys. Nanoco's main competitors are gone. Samsung has made a good fist of their cad free tech, but they don't own the IP and their components are semi carcinogenic. Hansol's scale up is not efficient and will eventually be phased out imo. As for the value of Nano's IP, you only have to look at what the Chinese were willing to pay for QD vision. Pretty much the market cap of Nanoco. And that was for a defunct technology. Really just for a few patents in fact. You really have to take an industry perspective which is often lacking on this board. Have some respect for the decisions of major players such as Dow, Merck and Wah Hong. They know their business. They know what's coming. Nano have made errors though. Mainly over-estimating the disruptive potential of Qdots. There is massive inertia in the industries they targeted. Because industry doesn't like change, a bit like Yell. But those companies in the end have to come into line. Look how BASF are now pro cadmium free products. They've had to change, just like Merck have done. Nano now of the verge of a transformation. The share price will follow.
04/7/2017
16:18
mwwh: AndrewBaker: Perhaps, you were referring to the past 6 years. Since the recent climb from 31.25 to 43.75,the share price has not fallen 'more and significantly'. Rather, it has dropped to the Fibonacci 67% range, which can be expected following a large gain. Though I suspect that it will bounce off of 67%, a drop to 50% of the gain would not be unreasonable before it continues its climb. We may receive good news or no news over the next month. I lean toward the former. Dow has likely sold dots to Kangde Xin and will confirm that soon. My biggest worry has been that Nanoco's technology become obsolete before it can reach the market. Happily, recent technology confirmation from Kyulux, Merck, Wah Hong and Samsung has clearly placed Nanoco in a technology leadership position. Quantum dot purchasers will want to be future-proofed, and Nanoco appears to offer this more than any other QD manufacturer. Companies inside and outside of the display industry will need to jump on board quickly or risk missing the boat. As I said when the price was 32, I don't care if the share price temporarily goes down. Nanoco, instead of focusing on immediate profit has given its scientists the opportunity to build a solid base. Not to criticize Dow, since Nanoco probably shares some blame, but Nanoco also deserves credit for successfully changing its strategy in the face of repeated Dow delays.
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